GBP/USD: ongoing concerns surrounding the Irish border weigh - Scotiabank

Ross J Burland FXStreet

GBP is weak vs. the USD and underperforming within the G10 currencies in Wednesday’s NA session.

Key Quotes:

"Brexit negotiations remain dominant as market participants consider the dwindling prospects of a deal ahead of next week’s summit.

Challenges have emerged from both the DUP and members of PM May’s Cabinet, with ongoing concerns surrounding the Irish border and post-Brexit regulatory arrangements.

Risk reversals have shifted dramatically, pricing in a greater premium for protection against GBP weakness across a range of time horizons."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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